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City Chic Collective Limited (ASX:CCX)

ALERT: Price-sensitive ASX Announcement for CCX
Current share price for CCX : $0.039 -0.004 (-9.30%)+
Announcement
Release
24 Aug 2026 8:16AM
Price at Release
$0.043
Full Release
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Summary
The FY26 Results Presentation for City Chic Collective Limited highlights a strong performance despite challenging retail conditions. The company reported an underlying EBITDA of $12.3 million, a 92% increase compared to the previous fiscal year. Total revenue amounted to $130.5 million, with the Australian and New Zealand (ANZ) markets showing robust growth of 7.6%. However, the US market experienced a 42.1% decline in revenue, largely due to strategic inventory reductions in response to tariff-related volatility. City Chic achieved significant cost savings, reducing its cost of doing business by $7.1 million, driven by operational efficiencies and strategic initiatives. The company continues to focus on its core strategy of enhancing product offerings tailored for 'Curves', improving customer engagement, and leveraging AI-driven tools to optimize decision-making and marketing effectiveness. The balance sheet remains stable, with a net cash position of $5.2 million and an undrawn $10 million facility, positioning City Chic well for future growth.
Key Points
  • City Chic reported a 92% increase in underlying EBITDA to $12.3 million.
  • Total revenue for FY26 was $130.5 million, with ANZ revenue growth of 7.6%.
  • The US market saw a 42.1% revenue decline due to strategic inventory cuts.
  • Cost of doing business reduced by $7.1 million through operational efficiencies.
  • The company maintains a strong balance sheet with a net cash position of $5.2 million.
  • City Chic focuses on strategic growth in 'Curves' product offerings and customer engagement.
  • Utilization of AI-driven tools to enhance decision-making and marketing strategies.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.